A person working in Banking in Germany typically earns around 13,400 EUR per month. Salaries range from 7,590 EUR (lowest average) to 24,800 EUR (highest average, actual maximum salary is higher).
This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Banking careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
|Job Title||Average Salary|
|AML Analyst||15,900 EUR|
|Assistant Bank Branch Manager||14,100 EUR|
|Assistant Bank Manager||16,300 EUR|
|ATM Manager||15,000 EUR|
|ATM Service Technician||7,780 EUR|
|Bank Accounts Analyst||10,800 EUR|
|Bank Accounts Controller||11,100 EUR|
|Bank Accounts Executive||13,100 EUR|
|Bank Accounts Manager||13,700 EUR|
|Bank Auditing Manager||14,400 EUR|
|Bank Branch Manager||16,500 EUR|
|Bank Clerk||7,870 EUR|
|Bank Compliance Specialist||11,000 EUR|
|Bank Manager||25,000 EUR|
|Bank Operational Risk Manager||17,500 EUR|
|Bank Operations Head||18,800 EUR|
|Bank Operations Officer||10,700 EUR|
|Bank Operations Specialist||15,200 EUR|
|Bank Process Manager||12,100 EUR|
|Bank Product Manager||12,100 EUR|
|Bank Programme Manager||15,000 EUR|
|Bank Project Manager||15,100 EUR|
|Bank Propositions Manager||15,900 EUR|
|Bank Quantitative Analyst||12,600 EUR|
|Bank Regional Manager||17,500 EUR|
|Bank Regional Risk Officer||12,000 EUR|
|Bank Relationship Manager||14,100 EUR|
|Bank Relationship Officer||11,100 EUR|
|Banking Business Analyst||12,700 EUR|
|Banking Business Development Officer||11,100 EUR|
|Banking Business Planning Executive||15,200 EUR|
|Banking Product Manager||14,900 EUR|
|Banking Reference Data Manager||13,400 EUR|
|Banking Risk Analyst||11,900 EUR|
|Banking Technical Analyst||10,100 EUR|
|Bankruptcy Coordinator||13,300 EUR|
|Budget Analyst||11,900 EUR|
|Cards Marketing Manager||15,400 EUR|
|Cash Management Manager||17,100 EUR|
|Check Processing Manager||15,900 EUR|
|Commercial Vault Associate||11,600 EUR|
|Corporate Dealer||12,900 EUR|
|Credit Analyst||14,700 EUR|
|Credit and Collections Manager||15,400 EUR|
|Credit Card Fraud Investigator||12,900 EUR|
|Credit Portfolio Manager||19,000 EUR|
|Credit Risk Analyst||15,700 EUR|
|Credit Risk Associate||13,100 EUR|
|Direct Bank Sales Representative||11,400 EUR|
|Financial Bank Planning Consultant||14,400 EUR|
|Financial Banking Analysis Manager||16,100 EUR|
|Financial Banking Assistant||10,700 EUR|
|Financial Banking Systems Manager||14,900 EUR|
|Foreign Exchange Manager||15,200 EUR|
|Fraud Analyst||13,100 EUR|
|Fraud Detection Associate||12,300 EUR|
|Fraud Detection Manager||15,900 EUR|
|Fraud Detection Supervisor||13,500 EUR|
|Internal Bank Audit Manager||16,600 EUR|
|Internal Bank Auditor||11,900 EUR|
|International Banking Manager||19,900 EUR|
|Loan Analyst||12,900 EUR|
|Loan Area Manager||13,400 EUR|
|Loan Audit Team Leader||13,700 EUR|
|Loan Branch Manager||14,700 EUR|
|Loan Business Development Officer||12,200 EUR|
|Loan Clerk||9,010 EUR|
|Loan Collection Manager||13,800 EUR|
|Loan Collector||7,290 EUR|
|Loan Examiner||9,960 EUR|
|Loan Processing Manager||12,100 EUR|
|Loan Processor||11,000 EUR|
|Loan Quality Assurance Auditor||12,300 EUR|
|Loan Quality Assurance Manager||13,400 EUR|
|Loan Quality Assurance Representative||11,600 EUR|
|Loan Review Manager||12,900 EUR|
|Loan Team Leader||12,600 EUR|
|Mortgage Advisor||11,800 EUR|
|Mortgage Collection Manager||13,000 EUR|
|Mortgage Collector||9,610 EUR|
|Mortgage Credit Analyst||10,900 EUR|
|Mortgage Credit Manager||12,100 EUR|
|Mortgage Development Manager||14,700 EUR|
|Mortgage Document Reviewer||9,190 EUR|
|Mortgage Funding Manager||15,900 EUR|
|Mortgage Operations Manager||15,800 EUR|
|Mortgage Payment Processing Clerk||8,940 EUR|
|Mortgage Processing Manager||14,200 EUR|
|Mortgage Processor||9,880 EUR|
|Mortgage Quality Assurance Auditor||12,500 EUR|
|Mortgage Quality Assurance Manager||12,900 EUR|
|Mortgage Servicing Clerk||7,590 EUR|
|Mortgage Servicing Manager||13,000 EUR|
|Mortgage Underwriter||8,730 EUR|
|Online Banking Manager||16,300 EUR|
|Payment Processing Clerk||8,630 EUR|
|Personal Banker||12,700 EUR|
|Personal Banking Advisor||12,200 EUR|
|Phone Banker||10,600 EUR|
|Private Banker||13,500 EUR|
|Reconciliation and Investigation Specialist||11,200 EUR|
|Trade Officer||9,240 EUR|
|Trade Product Manager||13,400 EUR|
|Treasury Operations Officer||12,100 EUR|
Banking salaries in Germany range from 7,590 EUR per month (minimum average salary) to 24,800 EUR per month (maximum average salary, actual maximum is higher).
The median salary is 14,500 EUR per month, which means that half (50%) of people working in Banking are earning less than 14,500 EUR while the other half are earning more than 14,500 EUR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Banking are earning less than 9,940 EUR while 75% of them are earning more than 9,940 EUR. Also from the diagram, 75% of people working in Banking are earning less than 21,200 EUR while 25% are earning more than 21,200 EUR.
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.
Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.
Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.
As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.
Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.
It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.
Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.
Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.
Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.
Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.
A Master's degree program or any post-graduate program in Germany costs anywhere from 59,400 Euro(s) to 178,000 Euro(s) and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees earn 7% more than their female counterparts.
Banking professionals in Germany are likely to observe a salary increase of approximately 10% every 14 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.
The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency
Listed above are the average annual increase rates for each industry in Germany for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
Banking is considered to be a high bonus-based field due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
16% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 84% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.
The most standard form of bonus where the employee is awarded based on their exceptional performance.Company Performance Bonuses
Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.Goal-Based Bonuses
Granted upon achieving an important goal or milestone.Holiday / End of Year Bonuses
These types of bonuses are given without a reason and usually resemble an appreciation token.
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
The main two types of jobs
|Revenue Generators||Supporting Cast|
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.
Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Where can you get paid more, working for a private company or for the government? Public sector employees in Germany earn 5% more than their private sector counterparts.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+4%|
|Average Salary 2019||+4%|
Banking salaries in Germany are rising in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 4% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.
The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
The average salary for Banking is 13% more than that of All Jobs.